Strong Growth in Brisbane
- Thread starter Andrew_A
- Start date
Roopam perhaps you can start a thread about this in the where to buy section. I agree Redcliffe is an interesting place but this thread is about the Brisbane market and feedback about it's growth.
Actually Redcliffe is a city in itself, nothing to do with Brisbane
http://www.moretonbay.qld.gov.au/
Dave
I started this thread to get some feedback about prices (sales/values) to check on how Brisbane was moving, not as a where to buy thread, so would like it to remain that way I guess.. even have a few things to say about ol Redcliffe myself, just don't want to say them in this thread. Sales feedback from abybody who owns in Redcliffe would be interesting
Mine was in Beautiful Banyo. 11k from the CBD northside.
Mine was in beautiful Seven Hills, 4.5km southeast of the CBD.
I think you can probably get something to fix your dodgy bottom from the doctor
. Probably best to get it fixed before you swim .I think you can probably get something to fix your dodgy bottom from the doctor
Stooge
http://65.186.65.233/sounds/televis/stooges/wise_guy.mp3Dave
Seven Hills = diamond in the rough.
Roopam
See you like the Beenleigh area.
What's your thoughts on Eagleby or Waterford. Looked at a townhouse in Eagleby in a yet to be built complex- looks a very low socio- economic suburb.
Did like some of the properties in the waterford area- particularly the new areas near Canterbury College
Interested in your thoughts!!
Destrier
See you like the Beenleigh area.
What's your thoughts on Eagleby or Waterford. Looked at a townhouse in Eagleby in a yet to be built complex- looks a very low socio- economic suburb.
Did like some of the properties in the waterford area- particularly the new areas near Canterbury College
Interested in your thoughts!!
Destrier
I would like to see some stats about growth in the most recent mths. I have my only IP in BNE and I am interested in what is happening in the market generally. I have seen some people post mthly capital city growth (or the opposite) reports.
I know that things have slowed down in BNE since last year that is quite obvious.
I know that things have slowed down in BNE since last year that is quite obvious.
Purchased 13 km SW of Brisbane CBD, settled July 2007, revalued March/April 2008, increase 8% on purchase value, rent increased $20 per week.
I am also hearing of a slowdown, and see FOR SALE signs staying up for longer - note that in spite of this, there aren't a lot of signs up, certainly nowhere near as many as there were a year ago ... and there are nearly no SOLD signs either, or FOR RENT ...
I get the feeling of waiting from the market, and am anticipating minor price reductions in the short term ...
I am also hearing of a slowdown, and see FOR SALE signs staying up for longer - note that in spite of this, there aren't a lot of signs up, certainly nowhere near as many as there were a year ago ... and there are nearly no SOLD signs either, or FOR RENT ...
I get the feeling of waiting from the market, and am anticipating minor price reductions in the short term ...
Debt Junkie where did you buy?
I think prices have dropped 10% in brissy since Feb. where I look, but rents are still going up. Around Rochedale Sth there was only one or two properties around the $400k then, now they can be picked up for from $360k and probably less if you were to try hard enough.
I think prices have dropped 10% in brissy since Feb. where I look, but rents are still going up. Around Rochedale Sth there was only one or two properties around the $400k then, now they can be picked up for from $360k and probably less if you were to try hard enough.
Riverhills. I buy close to where I live, and I probably should have included my PPOR increase as well, two suburbs over, to give more stats ... that went up 8.8% over the same period.
I haven't been watching SALE prices, just FOR SALE prices, and they are definitely going down, but not by very much. In the last six months, the area in which I live has been announced to have major shopping centre redevelopment and rezoning, to make it higher density (townhouses) hub, so that may have cushioned some of the drop.
I'm figuring on starting to look around more closely over the next few months, hoping to buy again in the area by the end of next year. Just got to find some more money!
I haven't been watching SALE prices, just FOR SALE prices, and they are definitely going down, but not by very much. In the last six months, the area in which I live has been announced to have major shopping centre redevelopment and rezoning, to make it higher density (townhouses) hub, so that may have cushioned some of the drop.
I'm figuring on starting to look around more closely over the next few months, hoping to buy again in the area by the end of next year. Just got to find some more money!
we are not seeing any perceivable drop in prices in the North/North Western suburbs. there are some properties that have had to reduce their prices to sell - but when you look at it, they were probably a bit high regardless of any perceived slow down.
Our office has sold 7 homes since July 1 - not a brag point by any means, but we were expecting a lot worse...some big well known agencies in inner city areas i know have not sold anything for eight weeks - one in particular has got 10 odd agents some of whom generally earn well over a million a year.
Buyers at our opens have certainly dropped off - some properties are a struggle to get anyone at all - but seeing as opens are only a small part of presenting a home to the market, it is not usually a big problem.
In our little part of the world - prices as i said have not dropped by any discernable amount - buyers are certainly using that as an argument though and the days of selling an overpriced home by the fifth phone call are long gone.
My personal opinion is that our market place here is back to where it should be - still selling good homes, priced right, but having to work our butts off to do it.
i hear on the grapevine that the exodus of agents from the industry has started - be interesting to see if we can flick some of the cowboys that give us all a bad name.
AndrewA - i will try and locate some local stats for you!!
cheers
UC
Our office has sold 7 homes since July 1 - not a brag point by any means, but we were expecting a lot worse...some big well known agencies in inner city areas i know have not sold anything for eight weeks - one in particular has got 10 odd agents some of whom generally earn well over a million a year.
Buyers at our opens have certainly dropped off - some properties are a struggle to get anyone at all - but seeing as opens are only a small part of presenting a home to the market, it is not usually a big problem.
In our little part of the world - prices as i said have not dropped by any discernable amount - buyers are certainly using that as an argument though and the days of selling an overpriced home by the fifth phone call are long gone.
My personal opinion is that our market place here is back to where it should be - still selling good homes, priced right, but having to work our butts off to do it.
i hear on the grapevine that the exodus of agents from the industry has started - be interesting to see if we can flick some of the cowboys that give us all a bad name.
AndrewA - i will try and locate some local stats for you!!
cheers
UC
